Greece heads for new election

In June the Greek people will go to the polls again.  The political parties have failed to agree to form a coalition which would command a majority in the Greek parliament.  Will the Left make further gains on  a  platform of refusing to implement austerity measures?  Highly likely.

The alarm bells will be ringing in the rest of the eurozone, the  EC and for that matter across world financial markets.  Will Berlin blink first.  The pressure is on Germany.  One of Hollande's aides has stated that Merkel is acting as though she was President of the EU, Monti in Italy is loosing the shackles he has to Merkel, Spain has declared it will not seek to meet the original austerity targets.


http://www.telegraph.co.uk/finance/financialcrisis/9267247/Greece-heads-for-fresh-elections-after-coalition-talks-fail.html

http://www.bbc.co.uk/news/world-europe-18076757

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017148/appetiser-cost-of-greek-exit-is-e155bn-for-germany-france-trillions-for-meat-course/
Excellent article.

http://www.independent.co.uk/news/world/europe/world-braces-itself-for-greek-euro-exit-7746774.html

http://www.independent.co.uk/news/world/europe/new-election-for-greece-as-government-talks-collapse-7754061.html

http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-the-fate-of-the-euro-is-the-chronicle-of-a-death-foretold-7746758.html

http://www.nucleus.uk.net/home/item/stumbling-towards-the-brexit?category_id=1

http://www.spiegel.de/international/europe/greece-to-hold-new-election-in-june-after-coalition-talks-collapse-a-833373.html

http://blogs.telegraph.co.uk/finance/jeremywarner/100017174/this-is-how-the-euro-ends-not-with-a-whimper-but-a-bang/

http://www.telegraph.co.uk/news/worldnews/europe/france/9267824/Frances-Hollandes-plane-struck-by-lightning-en-route-to-Germany.html
Hollande/Merkel press conference

http://www.bbc.co.uk/news/world-europe-18081075

http://conservativehome.blogs.com/platform/2012/05/john-baron-mp-a-prize-awaits-the-prime-minister-if-he-seizes-the-moment-over-the-eurozone-crisis.html